Thu Dec 05 21:10:00 UTC 2024: ## Ulta Beauty to Report Earnings Tomorrow; Analysts Expect Flat Revenue

**CHICAGO – October 25, 2024** – Ulta Beauty (NASDAQ: ULTA), a major beauty retailer, will release its third-quarter earnings report after market close tomorrow. Analysts predict flat year-over-year revenue of $2.5 billion, a significant slowdown from last year’s 6.4% growth. Earnings per share are projected at $4.53.

While Ulta missed revenue expectations by 2.3% last quarter, reporting flat year-on-year revenue of $2.55 billion, analysts remain largely confident in their estimates for this quarter. Ulta has a strong track record, exceeding revenue expectations in most of the last two years.

Recent results from peer companies offer a mixed outlook. Bath & Body Works exceeded expectations with 3.1% year-over-year revenue growth, while Sally Beauty reported results in line with estimates. Both saw positive stock market reactions following their announcements.

Despite the flat revenue prediction, investor sentiment towards Ulta remains positive. The stock is up 3.3% in the past month, trading at $395.40, slightly below the average analyst price target of $400.16.

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